All Reports
3Q 2022

Renewable Synfuels Production and Utilization Market

Electrofuels to Decarbonize Aviation, Shipping, and Long-haul Trucking

Synthetic fuel has been around for almost 100 years, but next-generation synfuels—otherwise known as electrofuels, or e-fuels—present a unique opportunity to decarbonize the transportation sector. With a chemical makeup that is nearly identical to traditional fossil fuels, liquid e-fuels could be blended or directly dropped into the internal combustion engines of existing vehicles, vessels, and aircraft with minor engine modifications—offering an immediate replacement for conventional fuels, assuming adequate supplies exist. However, several factors will likely constrict e-fuel supply around the world through 2030, the most noteworthy of which are high CAPEX and OPEX compared to conventional fuels and competing transportation technologies. E-fuel production involves several energy-intensive steps that involve new technologies including water electrolysis to make green hydrogen and direct air capture to grab CO2 from the ambient air.

The right policy and market signals could increase investment in synfuel production facilities, lower costs, and hasten uptake in synfuel consumption. Such signals could include favorable government policies such as blending mandates, monetary support from private investors to expedite early projects, and additional R&D grants to unlock technological advancements, learning rates, and economies of scale through 2030.

This Guidehouse Insights report focuses on e-fuel consumption and industry revenue. E-fuels in this report refer to e-methanol and all products derived from e-crude, but not e-ammonia, liquid hydrogen, or biofuels. The forecast is broken down by three key transportation applications: road transport, shipping, and aviation. This report focuses primarily on the specifics of demand and revenue for these three end-user applications. Forecasts are provided for five global regions and cover 2022-2031.

Pages 38
Tables | Charts | Figures 33
  • What are synthetic fuels and why are they necessary?
  • How are synthetic fuels produced, including processes and feedstocks?
  • How are synthetic fuels consumed and which application shows the most growth potential?
  • What are the pros and cons of each production path?
  • What are some of the drivers and obstacles to growth in the synthetic fuel market?
  • Which regions show the most potential for early adoption and why?
  • Refiners and fuel producers
  • Oil and gas producers
  • Petrochemical companies
  • Vehicle manufacturers (especially with internal combustion engines)
  • Long-haul truckers
  • Maritime shipping companies
  • Airlines
  • Renewable electricity developers
  • Electrolyzer manufacturers
  • Carbon capture companies (especially direct air capture)
  • emitters2CO
  • Equipment service providers
  • Government agencies
  • Non-governmental organizations and trade groups
  • Investor community

1. Executive Summary

1.1    Overview

1.2    Global Outlook

2. Market Issues

2.1    Introduction

2.2    Synfuel Production

2.3    Traditional Synthetic Fuel

2.3.1   Coal to Liquids

2.3.2   Gas to Liquids

2.3.3   Biomass to Liquids

2.4    Renewable Synthetic Fuel

2.4.1   Power to Liquids

2.4.2   Liquid Solar Fuels

2.5    Synfuel Utilization

2.5.1   Road

2.5.2   Shipping

2.5.3   Aviation

2.6    Drivers

2.6.1   Decarbonization in the Hard-to-abate Transportation Sector

2.6.2   The Use of Existing Infrastructure

2.6.3   High Gravimetric Energy Density

2.6.4   Growing Political and Industry Support

2.6.5   Energy Security and Fuel Storability

2.7    Barriers

2.7.1   High Cost

2.7.2   Energy Intensive and Inefficient

2.7.3   Debatable Environmental Benefits

2.7.4   Scalability

2.7.5   Competition with Other Technologies

2.8    Key Performance Indicators

3. Market Forecasts

3.1    Methodology

3.2    Global Market Overview

3.2.1   E-fuel Demand Forecast by End-use Application    

3.2.2   E-fuel Revenue Forecast by End-use Application   

3.3    Regional Market Overview

3.3.1   North America

3.3.2   Europe

3.3.3   Asia Pacific

3.3.4   Latin America

3.3.5   Middle East & Africa

4. Conclusions and Recommendations

4.1    Policymakers

4.2    Synfuel Producers

4.3    Vehicle Manufacturers

4.4    Transportation Industry

4.5    Potential Stakeholders

5. Acronym and Abbreviation List

6. Table of Contents

7. Table of Charts and Figures

8. Scope of Study, Sources and Methodology, Notes
  • E-fuel Demand by Region, World Markets: 2022-2031
  • Compiled Cost Estimates for Various Alternative Fuels for Transport
  • E-fuel Revenue by Region, World Markets: 2022-2031
  • E-fuel Demand by Application, World Markets: 2022-2031
  • E-fuel Revenue by Application, World Markets: 2022-2031
  • E-fuel Demand by Application, North America: 2022-2031
  • E-fuel Revenue by Application, North America: 2022-2031
  • E-fuel Demand by Application, Europe: 2022-2031
  • E-fuel Revenue by Application, Europe: 2022-2031
  • E-fuel Demand by Application, Asia Pacific: 2022-2031
  • E-fuel Revenue by Application, Asia Pacific: 2022-2031
  • E-fuel Demand by Application, Latin America: 2022-2031
  • E-fuel Revenue by Application, Latin America: 2022-2031
  • E-fuel Demand by Application, Middle East & Africa: 2022-2031
  • E-fuel Revenue by Application, Middle East & Africa: 2022-2031

  • Production Pathways for Traditional Synthetic Fuel

  • Production Pathway for E-fuel

  • Production Pathway for Solar Liquid Fuel

  • Production Pathway for PtL

 

  • E-fuel Demand by Region, World Markets: 2022-2031
  • E-fuel Demand by Application, World Markets: 2022-2031
  • E-fuel Revenue by Region, World Markets: 2022-2031
  • E-fuel Revenue by Application, World Markets: 2022-2031
  • E-fuel Demand by Application, North America: 2022-2031
  • E-fuel Revenue by Application, North America: 2022-2031
  • E-fuel Demand by Application, Europe: 2022-2031
  • E-fuel Revenue by Application, Europe: 2022-2031
  • E-fuel Demand by Application, Asia Pacific: 2022-2031
  • E-fuel Revenue by Application, Asia Pacific: 2022-2031
  • E-fuel Demand by Application, Latin America: 2022-2031
  • E-fuel Revenue by Application, Latin America: 2022-2031
  • E-fuel Demand by Application, Middle East & Africa: 2022-2031
  • E-fuel Revenue by Application, Middle East & Africa: 2022-2031
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